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Crypto’s PR problem: trust is building slowly with StormGain
The concept of trust has been integral to cryptocurrency since its inception. The same can be said of money itself. Blockchain was created as a technological solution to ensure trust on a peer-to-peer level. This desire stems from a lack of trust in third parties that act as guarantors of trust in traditional money, in other words, banks, governments and other economic institutions. Therefore, it’s interesting to note the findings of the special cryptocurrency edition of Edelman’s Trust Barometer report, which was released earlier this week. Working with a sample size of 34,000 adults (18+ years old) across 28 countries, the survey carried out by the PR company is by no means comprehensive, but still offers some intriguing insights into the public perception of cryptocurrencies.
Why bitcoin could break $100K by 2023 with StormGain
Bitcoin is already predicted to increase in value this year, but this could be just the beginning of a long-term climb to dizzying heights. According to renowned price PlanB, there are “more one hundred-plus events” indicating that BTC price will rise past to $100,000 next year. PlanB’s projections are based on his stock-to-flow bitcoin price model, which the analyst says calls for a mid-term price tag of six figures. Furthermore, the bullish bitcoin pundit dismisses concerns about how quickly or slowly the bitcoin rise happens as “irrelevant.” Stock to flow ratio, basically a measure of abundance is the amount of a commodity held in inventories divided by the amount produced annually. Gold traditionally has the highest stock to flow ratio of all commodities, hence its high price and value as a safe haven asset. Bitcoin is designed to be similar to gold in many ways. As new coins are mined, rewards diminish over time to ensure a finite amount of bitcoin in existence.
Symmetric vs asymmetric encryption with StormGain
Cryptographic data protection is an important field that's becoming increasingly relevant. The rapid development of blockchain technology based on cryptography has further expanded the scope of encryption's application. However, some people still argue over whether symmetric or asymmetric encryption is better. This article will tell you what symmetric and asymmetric encryption are, analyse their features and examine their differences, strengths, and weaknesses.
Bitcoin or Gold: 571,000% or -5.5% in StormGain
Bitcoin has proven to be a more profitable investment than gold. Gold loses to Bitcoin in the 1-year and 10-year ranges. While some are debating whether investments in bitcoi...
$1.5 Billion worth of ethereum to be burned by year’s end with StormGain
On 5 August, the London hard fork took place and launched a deflationary mechanism for Ethereum. In it, the base payment for processing transactions will now be burned, and miners ...
The difference between Public Key and Private Key Cryptography in StormGain
The key element of any blockchain project is the cryptography used to protect data. Without it, no transactions are protected. The cryptocurrencies we all know are built on so-called public key cryptography. In this article, we'll look at the difference between public key cryptography and private key cryptography, discuss each system's advantages and disadvantages, and answer other questions on this topic.
Should you invest in Dogecoin’s copycat in StormGain?
The popular meme cryptocurrency Dogecoin has increased in price 2,000-fold since it launched. It currently ranks 8th among cryptocurrencies by market capitalisation, coming in at $...
What is a 51 percent attack with StormGain?
No matter how useful a new invention is, people will always try to misuse it. Cryptocurrency is by no means an exception to the rule. The blockchain's decentralisation and anonymity are often used to conduct illegal transactions or deceive people who invest their money in scam projects. If you neglect security measures when working with a blockchain, you can disclose your private keys to criminals and lose your cryptocurrency. On top of that, the crypto network itself is not completely secure. One potential threat to blockchain networks is a 51 percent attack.
Bitcoin is preparing for a new supercycle in StormGain
After two months of consolidation, a fake news impulse was enough for Bitcoin to climb to its key resistance level. Recent metrics indicate a swift breakthrough above $40,000 in th...
Filecoin (FIL) price prediction 2023-2025 with StormGain
As the blockchain industry develops, the range of services offered by blockchain projects is expanding. Of course, it was only a matter of time before blockchain developers got to the cloud storage market. It's a growing segment, and, given the speed at which data is being created, it makes sense that the need for additional storage space continues to grow. On top of that, established data storage solutions are centralised and therefore vulnerable to attacks. Until recently, cloud storage services were the domain of big companies that own large centralised data warehouses. One project aimed at competing against the monopoly of cloud server companies is Filecoin. In this article, we'll explore this project, the associated FIL cryptocurrency and their future.
DeFi vs. CeFi: What are the differences in StornGain?
While some industry experts and analysts believe that DeFi will eventually take over CeFi, it is too early to be sure about such claims. In this article, we have discussed some of the key differences and similarities between CeFi and DeFi. Bitcoin introduced the world to a whole new set of blockchain-based financial applications. CeFi (Centralized Finance) has been around since the time Bitcoin first emerged. However, a new trend has come into view in the form of DeFi (Decentralized Finance), which has garnered a lot of attention over the last year.